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12 March 2018, 02:06 | Cesar Cruz
Benchmark indices surge ahead of release of industrial production data
Bharti Airtel, ITC, Tata Motors, Infosys, NTPC were among the top gainers, rising up to 3.59%. Shares in the other Asian markets rose, taking positive cues from Wall Street where shares ended nearly 2 per cent higher on Friday. The index posted its biggest single-day gain since March 1, 2016, when it had jumped 777.35.
On a weekly basis, the barometer 30-scrip Sensitive Index (Sensex) of the BSE shed 739.8 points or 2.17 per cent to close at 33,307.14 points.
The Nifty Private Bank index was trading 0.91 per cent up at 13,892 around 10:10 am (IST). Investors awaited February CPI inflation and January industrial output data due later today. Japan's benchmark Nikkei 225 is up 2.1 per cent, Hong Kong's Hang Seng too is up 1.5 per cent and Shanghai Composite is marginally up with gains of 0.3 per cent at 7.04 hours IST. On the BSE, 1,067 stocks gained, 297 stocks declined, while 59 stocks remained unchanged.
Most global markets have turned positive following USA data indicating abating inflationary pressure, which lowered the chances of an interest rate hike in the near future.
"Asian stocks boosted sentiment on the domestic bourses while global stocks gained as worldwide trade-war concerns abated and were replaced by economic optimism following a stronger U.S. jobs report released over the weekend", Karthikraj Lakshmanan, Senior Fund Manager - Equities, BNP Paribas Mutual Fund said.
MSCI's broadest index of Asia-Pacific shares outside Japan firmed 0.4 percent soon after opening on Monday.
All the sector indices that the BSE compiles ended higher, led by the S&P BSE Telecom index, which gained 2.57%.
WR Marquise Goodwin agrees to three-year extension with 49ers
Then, as a featured player in Kyle Shanahan's offense a year ago , he eclipsed that total by hauling in 56 passes for 962 yards. The 49ers announced that they have signed wide receiver Marquise Goodwin to a three-year extension through the 2021 season.